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Elizabeth Warren Says U.S. and Wall Street Conspired Against Wealth Building by Blacks; Remarks Are Censored by Big Media

Courtesy of Pam Martens.

Senator Elizabeth Warren Speaking at Howard University, April 16, 2018

Senator Elizabeth Warren Speaking at Howard University, April 16, 2018

If you get your business news from the Wall Street Journal or Bloomberg News or the New York Times or Reuters or the Financial Times or CNBC, chances are you did not hear about a critically important symposium that was held on Monday on the dangers that Wall Street’s biggest banks continue to pose to the U.S. economy and, in particular, to communities of color.

Adding to the mystery of how every major business news outlet could simultaneously decide to skip the event is that it was headlined by two famous players in the banking debate, Senator Elizabeth Warren and Neel Kashkari, President of the Federal Reserve Bank of Minneapolis.

The symposium on “Too Big to Fail” was hosted by Howard University’s Department of Economics and held at the campus which is located in Washington, DC – where there is certainly no shortage of reporters. When a critical message goes unreported by all major media, it tends to send the message to the speakers —  “shut up and move on.”

It is noteworthy that Howard University is a predominantly black university and the message delivered by Senator Warren was on how communities of color had been specifically targeted for wealth stripping by Wall Street through devious means in the leadup to the financial crash of 2008. This was preceded by a U.S. government conspiracy against them from 1934 to 1968, said Warren.

Warren told the audience that within two years of the onset of the financial crash of 2008, 8.8 million American workers had lost their jobs and within three years more than 4 million homes had been lost to foreclosure. “The financial crisis wiped out as much as $14 trillion in household wealth,” Warren told the crowd.

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